Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr R Cathrae 14/02/2018 Mr T Cathrae 14/02/2018 21 February 2024 The principal activity of the Company during the financial year was that of development and rental of building projects. 11205762 2023-03-31 11205762 bus:Director1 2023-03-31 11205762 bus:Director2 2023-03-31 11205762 2022-03-31 11205762 core:CurrentFinancialInstruments 2023-03-31 11205762 core:CurrentFinancialInstruments 2022-03-31 11205762 core:Non-currentFinancialInstruments 2023-03-31 11205762 core:Non-currentFinancialInstruments 2022-03-31 11205762 core:ShareCapital 2023-03-31 11205762 core:ShareCapital 2022-03-31 11205762 core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 11205762 core:FurtherSpecificReserve1ComponentTotalEquity 2022-03-31 11205762 core:RetainedEarningsAccumulatedLosses 2023-03-31 11205762 core:RetainedEarningsAccumulatedLosses 2022-03-31 11205762 2022-04-01 2023-03-31 11205762 bus:FullAccounts 2022-04-01 2023-03-31 11205762 bus:SmallEntities 2022-04-01 2023-03-31 11205762 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11205762 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11205762 bus:Director1 2022-04-01 2023-03-31 11205762 bus:Director2 2022-04-01 2023-03-31 11205762 2021-04-01 2022-03-31 11205762 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 11205762 (England and Wales)

T J R DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

T J R DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

T J R DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 March 2023
T J R DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 1,156,887 1,139,999
1,156,887 1,139,999
Current assets
Debtors
- due within one year 4 12,558 6,958
- due after more than one year 4 31,907 36,465
Cash at bank and in hand 9,014 520
53,479 43,943
Creditors: amounts falling due within one year 5 ( 229,432) ( 198,670)
Net current liabilities (175,953) (154,727)
Total assets less current liabilities 980,934 985,272
Creditors: amounts falling due after more than one year 6 ( 325,116) ( 355,604)
Provision for liabilities ( 154,799) ( 154,799)
Net assets 501,019 474,869
Capital and reserves
Called-up share capital 100 100
Fair value reserve 464,397 464,397
Profit and loss account 36,522 10,372
Total shareholders' funds 501,019 474,869

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of T J R Developments Limited (registered number: 11205762) were approved and authorised for issue by the Board of Directors on 21 February 2024. They were signed on its behalf by:

Mr R Cathrae
Director
T J R DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
T J R DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

T J R Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp, Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The company's trading address is Unit 1, St Georges Manor, St Georges Road, Nanpean, ST AUSTELL, Cornwall, PL26 7YN.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 April 2022 1,139,999
Additions 16,888
As at 31 March 2023 1,156,887

4. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Trade debtors 0 2,400
Other debtors 12,558 4,558
12,558 6,958
Debtors: amounts falling due after more than one year
Other debtors 31,907 36,465

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 23,387 16,285
Trade creditors 870 113
Taxation and social security 10,392 1,464
Other creditors 194,783 180,808
229,432 198,670

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 325,116 355,604

The bank loans are secured by way of a fixed charge over the land and property of the company.

7. Related party transactions

Other related party transactions

2023 2022
£ £
Amounts owed to connected companies 175,108 177,010

The directors of TJR Developments Limited, Mr R Cathrae and Mr T Cathrae own 100% of shareholding in TJR Scaffolding Limited, a connected company. For the year ended 31 March 2023 TJR Developments Limited owed £175,108 (2022 - £177,010) to this connected company.